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TME Q2 Grows with Music and Ximalaya | Music News
TME’s Q2 earnings soar with revenue up 5.8% to $1.32B, driven by double-digit growth in music services and a strong debut from Ximalaya. Membership subscriptions surged 8.1%, while adjusted profits climbed 5.2% and net profit rose 4.4%. The company also repurchased 43.5M shares for $400M. Strategic integrations with WeChat Video Accounts and WeChat Pay, plus voice control via XiaoWei, are expanding reach. Content and artist initiatives are booming—with original soundtracks, co-creation deals, and stadium tours from Zhou Shen, Liu Yuning, and Gai fueling momentum. Listen in comfort:Get a…
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